Watsco, Inc. (WSO-B) Key Metrics
WSO-B valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.72B
- Enterprise value
- $13.50B
- P/E (TTM)
- 24.4
- Forward P/E
- 21.2
- PEG ratio
- 1.20
- Price / sales
- 1.6
- Price / book
- 4.3
- EV / EBITDA
- 19.3
- Dividend yield
- 0.64% $13.20 a year
- Beta
- 1.04
WSO-B key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsWSO-B returns How much profit the business earns on the capital it uses.
WSO-B financial health Debt, liquidity and how easily interest is covered.
WSO-B efficiency & capital use Working capital cycle and where the cash goes.
WSO-B returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
WSO-B debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
WSO-B cash returned to shareholders
WSO-B key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Share price at fiscal year-end | $338.85 | — | — | $252.51 | $306.82 | $233.05 | $181.50 | $135.25 | $169.00 | $148.75 |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 18.3% | 21.9% | 24.0% | 28.3% | 22.2% | 16.8% | 17.7% | 18.4% | 18.1% | 18.6% |
| Return on invested capital (ROIC) | 22.8% | 26.1% | 26.0% | 29.8% | 24.4% | 18.0% | 19.0% | 22.6% | 21.6% | 20.3% |
| Return on assets (ROA) | 11.1% | 13.0% | 14.9% | 18.3% | 15.0% | 10.7% | 10.4% | 11.5% | 10.6% | 10.0% |
| Return on tangible assets | 13.1% | 13.9% | 17.6% | 20.9% | 17.0% | 14.1% | 12.5% | 15.0% | 13.9% | 13.7% |
| Free cash flow margin | 7.4% | 9.8% | 7.2% | 7.4% | 5.2% | 10.2% | 6.7% | 3.4% | 6.6% | 5.6% |
| Income quality (OCF / net income) | 1.15 | 1.44 | 1.05 | 0.95 | 0.83 | 1.98 | 1.37 | 0.70 | 1.45 | 1.52 |
| Financial health | ||||||||||
| Total debt | $478.8M | $447.5M | $404.8M | $390.5M | $369.7M | $216.1M | $381.4M | $136.0M | $22.3M | $235.8M |
| Cash & short-term investments | $733.3M | $781.9M | $210.1M | $147.5M | $118.3M | $146.1M | $74.5M | $82.9M | $80.5M | $56.0M |
| Net debt | −$254.5M | −$334.5M | $194.7M | $243.0M | $251.4M | $70.1M | $306.9M | $53.1M | −$58.2M | $179.8M |
| Debt / equity | 0.17 | 0.17 | 0.18 | 0.17 | 0.19 | 0.12 | 0.27 | 0.10 | 0.02 | 0.23 |
| Debt / assets | 0.11 | 0.10 | 0.11 | 0.11 | 0.12 | 0.09 | 0.15 | 0.06 | 0.01 | 0.13 |
| Net debt / EBITDA | −0.33 | −0.42 | 0.24 | 0.28 | 0.38 | 0.16 | 0.78 | 0.13 | −0.15 | 0.49 |
| Current ratio | 4.12 | 3.13 | 3.36 | 2.54 | 2.70 | 3.00 | 3.35 | 4.03 | 3.21 | 3.94 |
| Quick ratio | 2.18 | 1.72 | 1.47 | 1.02 | 1.16 | 1.41 | 1.36 | 1.69 | 1.38 | 1.76 |
| Interest coverage | — | 37.5 | 161.5 | 384.1 | 631.1 | 323.7 | 91.0 | 135.8 | 55.6 | 93.1 |
| Working capital | $2.24B | $2.10B | $1.68B | $1.39B | $1.23B | $997.3M | $1.09B | $1.08B | $920.9M | $925.3M |
| Invested capital | $2.53B | $2.32B | $2.42B | $2.49B | $2.25B | $1.85B | $1.74B | $1.40B | $1.24B | $1.19B |
| Tangible asset value | $2.55B | $2.40B | $1.94B | $1.64B | $1.38B | $1.20B | $1.13B | $1.06B | $1.01B | $713.4M |
| Net current asset value | $1.72B | $1.61B | $1.28B | $1.06B | $873.0M | $779.9M | $705.3M | $882.5M | $841.5M | $617.3M |
| Capital allocation | ||||||||||
| Dividends paid | $473.8M | $423.5M | $382.6M | $332.4M | $294.5M | $265.7M | $241.4M | $209.2M | $164.1M | $127.6M |
| Share buybacks (net) | $3.7M | $39.7M | $2.8M | $87.1M | $1.1M | $2.3M | $1.5M | $3.8M | $4.7M | $4.0M |
| Dividend payout ratio | 95.3% | 79.0% | 71.3% | 55.3% | 70.3% | 98.6% | 98.2% | 86.1% | 78.8% | 69.8% |
| Dividends + buybacks / free cash flow | 89.2% | 62.3% | 73.2% | 78.0% | 90.8% | 51.7% | 76.1% | 138.8% | 58.5% | 55.2% |
| Capex / revenue | 0.5% | 0.4% | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | 0.4% | 0.4% | 1.0% |
| Capex / operating cash flow | 6.1% | 3.9% | 6.3% | 5.9% | 6.9% | 3.1% | 4.9% | 10.1% | 5.9% | 15.7% |
| Capex / depreciation | 0.79 | 0.74 | 1.01 | 1.07 | 0.86 | 0.63 | 0.67 | 0.78 | 0.81 | 2.17 |
| Stock-based compensation / revenue | 0.5% | 0.5% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 18.5% | 16.5% | 16.3% | 16.8% | 16.9% | 16.5% | 16.8% | 16.7% | 16.5% | 16.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 42.2 | 40.1 | 38.7 | 36.3 | 35.9 | 38.6 | 39.6 | 39.3 | 40.1 | 40.1 |
| Days of inventory on hand | 97.1 | 89.5 | 93.7 | 86.5 | 75.5 | 81.7 | 88.8 | 85.1 | 80.6 | 77.8 |
| Days payables outstanding | 29.5 | 28.2 | 28.5 | 28.5 | 24.4 | 23.4 | 22.2 | 22.9 | 23.2 | 18.9 |
| Cash conversion cycle (days) | 109.8 | 101.5 | 104.0 | 94.2 | 87.0 | 96.9 | 106.2 | 101.5 | 97.5 | 99.0 |
| Receivables turnover | 8.65 | 9.09 | 9.43 | 10.06 | 10.18 | 9.46 | 9.21 | 9.28 | 9.10 | 9.11 |
| Payables turnover | 12.38 | 12.96 | 12.82 | 12.79 | 14.98 | 15.60 | 16.43 | 15.91 | 15.75 | 19.27 |
| Inventory turnover | 3.76 | 4.08 | 3.89 | 4.22 | 4.83 | 4.47 | 4.11 | 4.29 | 4.53 | 4.69 |
| Asset turnover | 1.61 | 1.84 | 2.02 | 2.21 | 2.25 | 2.00 | 2.02 | 2.16 | 2.21 | 2.30 |
| Average receivables | $837.1M | $837.9M | $772.5M | $722.8M | $616.9M | $534.5M | $517.9M | $490.0M | $477.1M | $463.5M |
| Average payables | $420.7M | $430.1M | $412.8M | $410.2M | $307.9M | $245.6M | $219.9M | $215.4M | $208.0M | $165.3M |
| Average inventory | $1.39B | $1.37B | $1.36B | $1.24B | $954.7M | $857.3M | $879.0M | $799.2M | $723.2M | $679.5M |
| Intangibles / total assets | 15.1% | 14.6% | 18.1% | 17.4% | 20.1% | 23.3% | 22.8% | 25.0% | 26.6% | 28.7% |
Computed from WSO-B's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
WSO-B valuation and financial ratios
Based on the latest twelve months, the trailing P/E is 24.4 and the forward P/E is 21.2. Watsco earned a return on equity of 18.3% and a return on invested capital of 22.8% in fiscal 2025. It ended the year with $478.8 million of debt and $733.3 million in cash and short-term investments, a net cash position of $254.5 million. It returned $477.4 million to shareholders: $473.8 million in dividends and $3.7 million in share buybacks, 89% of free cash flow.
See the WSO-B income statement, the WSO-B chart for price history, or the WSO-B stock overview for the latest quote and news.
WSO-B key metrics FAQ
What is Watsco's P/E ratio?
Watsco's trailing P/E ratio is 24.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.2. At the end of fiscal 2025 it was —.
What is Watsco's return on equity?
Watsco's return on equity (ROE) was 18.3% in fiscal 2025: net income of $497.0 million on average shareholders' equity of $2.7 billion.
What is Watsco's ROIC?
Watsco's return on invested capital was 22.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Watsco have?
Watsco had total debt of $478.8 million at the end of fiscal 2025, a debt-to-equity ratio of 0.17 and more cash than debt.
Does Watsco buy back its shares?
Yes. Watsco spent $3.7 million on net share repurchases in fiscal 2025.
What is Watsco's current ratio?
Watsco's current ratio was 4.12 at the end of fiscal 2025: current assets were 4.12 times current liabilities.